Gold could go back down - page 10
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It bounced off 1208 again, but it may still reach 1200 eventually.
If it breaks 1200 again all hell can break
$1,188 target let's go!
If it breaks 1200 again all hell can break
I just noticed the giant shooting star on the monthly time frame. Gold will be going down, and it will probably break below 1200 in the coming weeks even if it doesn't happen in the next few hours to a few days.
The 1200 level on gold may still act as support, but a breakdown of that level is possible along with a visit to the 1170 level.
Yes, it looks like it will visit the resistance at 1250 again. The shooting star candlestick on the monthly time frame is still valid though, so I am keeping my eyes open for a reversal.
There is a support at 1200, all the rest is floating
It's testing 1260, if it breaks above that level it will likely reach 1280 again.
Gold may be forming a head and shoulders pattern on the weekly chart, that’s why there is still the probability of it coming back down.
Gold is retracing back down after a good bullish run, it may try to back up and if it breaks the 1257 level, then it may reach the 1300 level.
Gold needs to break above 1280 before it can reach 1300 and so far that resistance seems too strong to break above.